Desjardins closes Corporate Class Funds

In a Sept. 7 announcement, Desjardins Investments stated that it is taking this measure “due in part to the fact that in 2016, the federal government put an end to the Corporate Class Funds' main advantages, such as asset transfers from one fund to another without tax consequences and tax deferrals.”

Desjardins Investments added that as of Sept. 7, 2017, it will suspend any additional investment in these funds’ shares, including investments made by periodic payments. More information on the closure is available here.